As of June 30, 2017 and December
31, 2016, the Company’s amortizing and indefinite lived intangible assets consisted of the following:

June 30, 2017

December 31, 2016

Amortizing
Intangible

Gross

Carrying

Accumulated

Impairment

Net

Gross

Carrying

Accumulated

Impairment

Net

Assets

Amount

Amortization

Loss

Balance

Amount

Amortization

Loss

Balance

Charter/Cooperation agreements (iii)

$

-

$

-

$

-

$

-

$

2,755,821

$

(909,257

)

$

(1,846,564

)

$

-

Software and licenses

210,070

(191,118

)

-

18,952

267,991

(241,932

)

-

26,059

Patent and trademark (iv)

92,965

(39,943

)

(53,022

)

-

92,965

(39,943

)

-

53,022

Website and mobile app development (ii)

-

-

-

-

593,193

(421,129

)

(172,064

)

-

Workforce (i)

305,694

(127,372

)

-

178,322

305,694

(76,422

)

-

229,272

Total amortizing intangible assets

$

608,729

$

(358,433

)

$

(53,022

)

$

197,274

$

4,015,664

$

(1,688,683

)

$

(2,018,628

)

$

308,353

Indefinite lived intangible assets

Website name

134,290

-

-

134,290

134,290

-

-

134,290

Patent (iv)

10,599

-

(10,599

)

-

10,599

-

-

10,599

Total intangible assets

$

753,618

$

(358,433

)

$

(63,621

)

$

331,564

$

4,160,553

$

(1,688,683

)

$

(2,018,628

)

$

453,242

(i) On April 1, 2016, the Company
entered into an agreement with Mr. Liu Changsheng, under which SSC agreed to pay Mr. Liu Changsheng cash consideration of $187,653
and 66,500 shares of restricted shares with a six month restriction period and a fair value of $121,695 in exchange for a workforce
of 10 personnel experienced in programing content mobile apps. All 10 personnel entered into three year employment contracts with
SSC effective April 1, 2016. The Company also acquired certain laptop and desktop computers with fair value of $3,655. According
to the agreement, 30% of the cash consideration is due upon the signing of the agreement, 20% is due 2 months after the signing
of the agreement and 50% is due 6 months after the signing of the agreement. All cash consideration has been paid. If any of 3
key staff, as defined, terminated their employment with SSC during the first 12 months of employment, SSC has the right to forfeit
the unpaid cash consideration. In addition, Mr. Liu Changsheng would be required to pay a default penalty at minimal of $129,180.
SSC has accounted for the transaction as an asset acquisition in which SSC mainly acquired a workforce, which is recognized as
an intangible asset at cost. Subsequently, the workforce intangible is amortized over the employment term of three years.

The Company recorded amortization
expense related to our amortizing intangible assets of approximately $28,393 and $56,522 for the three and six months ended June
30, 2017 and $90,000 and $153,000 for the three and six months ended June 30, 2016 respectively, which included the amortization
expense of the workforce acquired as stated above.

(ii) Considering a new mobile
app has been developed to be put into market in October 2016, the Company determined that the future cash flows generated from
the old mobile app was nil. In accordance with ASC 350, Intangibles – Goodwill and Other, recoverability of assets
to be held and used is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows
expected to be generated by the asset. The Company estimated the fair value of this intangible asset to be nil as of December
31, 2016. Fair value was determined using unobservable (Level 3) inputs. In June, 2017, this intangible asset has been disposed
of along with other net assets in Zhong Hai Shi Xun.

(iii) During the fourth quarter
of 2016, the Company determined that the Charter/Cooperation agreements will not serve the business or generate future cash flow.
As no future cash flows will be generated from the Charter/Cooperation agreements, the Company estimated the fair value of the
Charter/Cooperation agreements to be nil as of December 31, 2016. Fair value was determined using unobservable (Level 3) inputs.
Impairment loss from Charter/Cooperation agreements of $1,846,000 was recognized in 2016 to write off the entire book value of
the Charter/Cooperation agreements. In June, 2017, this intangible asset has been disposed of along with other net assets in
Zhong Hai Shi Xun.

(iv) During the second quarter
of 2017, the Company determined that one of its subsidiaries in the US will not serve the non-core business or generate future
cash flow. As no future cash flows will be generated from using the patent owned by this subsidiary, the Company estimated the
fair value of those patent to be nil as of June 30, 2017. Fair value was determined using unobservable (Level 3) inputs. Impairment
loss from patent of $63,621 was recognized in 2017 to write off the entire book value of the patent.

The following table outlines
the amortization expense for the next three years and thereafter: